Thomaston Savings Bank Announces Small Business Grants

Thomaston Savings Bank is again helping small businesses hurt by the coronavirus pandemic by providing grants to aid these struggling companies.

The bank recently announced that its request for a $50,000 Jobs for New England Recovery Grant was approved.

The bank will award $5,000 grants to 10 small businesses.

“We are pleased to announce the approval of the JNE Recovery Grant,” said James Murdick, senior vice president and chief loan officer for Thomaston Savings Bank.

“These businesses are an essential part of our local community and we are looking forward to their economic growth and success during a time of challenges and hardship.”

Jobs for New England

This latest gesture by the Thomaston Savings Bank follows its efforts last year to help local restaurants impacted by the pandemic by purchasing over 5,800 meals, then donating them to community service organizations.

The Federal Home Loan Bank in Boston offers the Jobs for New England program, which provides discounted advances to members in support of small business loans in New England that drive economic growth and development.

The program’s goal is to relieve financial stress and enable small businesses to better navigate the pandemic.

The program has provided a total of $6.1 million in grants for 2020 leading into the 2021 phase.

Throughout the pandemic, Thomaston Savings Bank has offered a variety of programs and benefits to provide relief for small businesses while supporting their economic growth.